Commit To Buy Integrated Device Technology At $15, Earn 8% Using Options
July 28, 2016 at 11:48 AM EDT
Investors considering a purchase of Integrated Device Technology Inc (IDTI) shares, but cautious about paying the going market price of $22.32/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $15 strike, which has a bid at the time of this writing of $1.20..